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The following information applies to Caroline, who is single, for 2017: Please check my answers. Salary Alimony received Child support received Cash inheritance from her
The following information applies to Caroline, who is single, for 2017:
Please check my answers.
Salary Alimony received Child support received Cash inheritance from her mother's estate Jury duty fees Penalty for early withdrawal from savings Life insurance proceeds received as a result of the death of her mother Contributions to Health Savings Account Number of potential dependents Age $44,000 9,600 4,800 15,000 75 630) 50,000 (3,600) 38 Caroline's mother lived with her for 10 months (until her death). Her mother's income consisted of $12,000 in Social Security benefits The personal exemption amount for 2017 is $4,050. Click here to access the standard deduction table to use Indicate whether the following items are taxable or nontaxable to Caroline Child support received Life insurance proceeds received as a result of the death of her mother Alimony received Salary Jury duty fees Not taxable Taxable Taxable Taxable Taxable Identify which items Caroline can deduct (fully or partially) Penalty for early withdrawal from savings Deductible Contributions to Health Savings Account Deductible Caroline's taxable income in 2017 isStep by Step Solution
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